Fundamentals of regulation of digital markets

WBG Fundamentals of regulation of digital markets

The course Fundamentals of regulation of digital markets is part of the capacity building program on Agile Regulation for Digital Transformation in Africa (A.Reg4DT). Why Agile? The concept of agile governance aims to change the way policies are developed, from reactive to proactive – keeping pace with the rapid development and deployment of emerging technologies. Agile regulation represents an opportunity to rethink policymaking and build a new public governance model which acknowledges that policy development is no longer limited to governments but rather an increasingly multi-stakeholder effort, which ensures that policies are adaptive, human-centered, inclusive, and sustainable. Africa is the target region for the program/course. By adopting agile regulation principles African policymakers and regulators can help unleash the digital economy’s potential in Africa and become a transformative force in digital development.

The A.Reg4DT program will emphasize the agile regulation approach across topics. Module 1 of the course Fundamentals of regulation of digital markets discusses Agile regulation in the digital economy. The program is multi-year, aligned with the broader Digital Economy for Africa (DE4A) initiative and is in line with the African Union Digital Transformation Strategy. It is also building on the ongoing initiatives of the partners: BMZ/GIZ ‘s Africa Cloud/atingi and Smart Africa’s Digital Academy.

The A.Reg4DT will focus on building the capacities (in the form of new principles, protocols, rules and policies) of public authorities and other stakeholders to choose appropriate regulatory tools and, where needed, to design and implement policy initiatives under each of the five DE4A foundational pillars.

  1. ICT infrastructure to bring people, businesses, and governments online
  2. Digital platforms to offer digitally-accessible products and services for all aspects of life
  3. Digital financial services to allow people, businesses, and governments to pay and transact digitally
  4. Digital entrepreneurship to create an ecosystem of young, growth-oriented companies
  5. Digital skills to create a digitally-savvy workforce and foster competitive markets).